Simple English definitions for legal terms
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Société: A French word that means a partnership or a company. There are different types of société in French law, such as a limited partnership, joint-stock company, or a joint venture. In a partnership, people work together and share the profits and losses. In a joint-stock company, people can buy shares and own a part of the company.
Société is a French legal term that refers to different types of partnerships and companies.
These examples illustrate the different types of partnerships and companies that fall under the term société in French law. For instance, a société anonyme is a type of company that is incorporated and has a joint-stock structure. On the other hand, a société en nom collectif is a partnership where all members are equally responsible for the partnership's debts.